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How the heck is this coin an MS-63 ?!?
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<p>[QUOTE="princeofwaldo, post: 1347665, member: 24091"]Have to disagree with you there, --the coin sold for $338 which is $1800 an ounce gold. If you take the $17 grading fee and factor in prorated shipping and insurance charges to and from NGC, the cost becomes close to $20 even with a couple dozen coins submitted. Subtract eBay commissions and PayPal vigorish, and pretty soon the coin has really only fetched 338-20-32-12 = $274 BUT Wait!! The seller also offered free shipping in his auction, and to avoid a PayPal charge back he would have had to insure it even if it does only weigh 5 grams.,,, So now we deduct another $3.75 for a grand total price realized of $270.25 --or-- the equivalent per ounce price of only $1447 which is way WAY below melt. Pure lunacy to send the coin in, even if it came back MS68 the chances of making any money are almost zero. While it's true some collectors will pay a modest premium for a slabbed bullion coin on eBay, it's not enough to offset the cost. As for dealers, they won't pay an extra penny for a bullion coin that's slabbed, and many would even crack the coin out.[/QUOTE]</p><p><br /></p>
[QUOTE="princeofwaldo, post: 1347665, member: 24091"]Have to disagree with you there, --the coin sold for $338 which is $1800 an ounce gold. If you take the $17 grading fee and factor in prorated shipping and insurance charges to and from NGC, the cost becomes close to $20 even with a couple dozen coins submitted. Subtract eBay commissions and PayPal vigorish, and pretty soon the coin has really only fetched 338-20-32-12 = $274 BUT Wait!! The seller also offered free shipping in his auction, and to avoid a PayPal charge back he would have had to insure it even if it does only weigh 5 grams.,,, So now we deduct another $3.75 for a grand total price realized of $270.25 --or-- the equivalent per ounce price of only $1447 which is way WAY below melt. Pure lunacy to send the coin in, even if it came back MS68 the chances of making any money are almost zero. While it's true some collectors will pay a modest premium for a slabbed bullion coin on eBay, it's not enough to offset the cost. As for dealers, they won't pay an extra penny for a bullion coin that's slabbed, and many would even crack the coin out.[/QUOTE]
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How the heck is this coin an MS-63 ?!?
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